Bank of Canada Raises Interest Rate to 2.5%: What It Means for Windsor-Essex Buyers and Sellers

Did the Bank of Canada raise interest rates in October 2026? Yes. On October 28, 2026, the Bank of Canada raised its key rate by 0.25% to 2.5%, its first increase in three years, citing energy-driven inflation. After seven announcements in a row with no change, the Bank of Canada ...